NBN contractor and infrastructure delivery company Daly International has called in administrators under the weight of millions in debt to unsecured creditors and employees. The company, which has offices in Australia and the UK, appointed Peter Dinoris of Artemis Insolvency on 13 April after more than 25 years in business, predominantly delivering projects for mobile…
CONSUMERS and operators were the biggest losers in the sale of Wicked Travel assets to Greyhound Australia last month, as announced at the creditors meeting on May 10. Director of Business Recovery at William Buck, Laurie Fitzgerald, said the meeting was predominately attended by the former company’s operators, however they have been in contact with…
SIPPING on an espresso latte while waiting for a loved one to arrive at the Gladstone Airport will no longer be as simple as placing an order at the arrivals cafe. Last week the the Cafe Espresso, located in the Gladstone Airport arrivals area, closed for good after operator Lortons, better known as Gladstone Catering…
news One of two cafe’s located at the Gladstone Airport has colsed down, meaning to get your morning coffee will require a security clearance. Paul Braven SIPPING on an espresso latte while waiting for a loved one to arrive at the Gladstone Airport will no longer be as simple as placing an order at the…
The Alice Springs sub-branch of the RSL has closed its doors indefinitely after it was unable to repay a multi-million-dollar debt. The club was placed under voluntary administration on Monday with casual staff told their final shift was last night. Alice Springs RSL vice president Shane Caden said it was a “sombre mood” for…
Canadian backpacker Taylor Gray arrived in Australia knowing she wanted to explore the vast exciting tourist opportunities the country has to offer, but not quite sure how to do it. She thought she found the answer when she chanced upon a travel shop in Brisbane with friendly faces out the front enticing her…
Aussie distributors, Hemisphere Technologies and DPSA, have both been wound up and placed into liquidation, but that hasnt put an end to efforts by two global vendors, Kaspersky lab and Schneider Electric, to recoup cash they claim is owed to them by the local companies. The fallout between DPSA and Schneider Electric was made public…
Monday, 15 May 2017, 12:07 pmPress Release: New Zealand Government Hon Jacqui Dean Minister of Commerce and Consumer Affairs 15 May 2017 Consultation begins on corporate insolvency law Commerce and Consumer Affairs Minister Jacqui Dean today released the second and final part of the insolvency law review by the Insolvency Working Group. The Insolvency Working…
Scandal-plagued Acquire Learning goes into administration exit The shakeout of Australia’s privatised vocational education market has claimed one of its biggest players. Acquire Learning, a company which once boasted former AFL boss Andrew Demetriou as chair of its advisory council, went into voluntary administration on Friday on the verge of insolvency. Back in 2014 the…
A creditor registers at a Diploma Construction (WA) creditors meeting. Pic by Trevor Collens Diploma Group is likely headed for provisional liquidation after the developer of a commercial project knocked back a deal crucial to rescuing the failed company. WestBusiness understands that Chemlabs developer Emporium has rejected a Diploma proposal to get back into joint…